Direct shot at Iluka and highlights all of the reasons why they...

Direct shot at Iluka and highlights all of the reasons why they can not afford to let Thunderbird get developed by anyone else!

"Premium zircon demand has remained strong as a result of decreased supply from mature operations globally due to falling product quality, grade and rising costs. There has been an increase in supply of lower quality zircon in the form of standard grade zircon or zircon in concentrate to balance supply in the short term." (because ILU grade spec not reaching required thresholds of customers)

Subdued demand during 2019 and market commentary by some producers has impacted market sentiment even though pricing remains robust and consensus predicts significant supply deficits from2020.

"Significant supply shortages of premium zircon are forecast to emerge in the mid-long term. Consumer groups are looking to secure their supply over this period through binding supply agreements and have indicated their strong support for new supply options in a heavily constrained and managed market."